NOT LISTED FOR SALE

10 Ring Dr Groton, CT 06340

Estimated Value: $406,804 - $584,000

4 Beds
4 Baths
1,920 Sq Ft
$235/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $295,000 $154 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,810/month

8 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Thermal Windows
  • Attic
  • No HOA
  • 3-minute walk to Tercentennial Legacy Playground

About This Home

As of August 2021

This side by side Duplex built in 1987 makes a great investment property or first time buyer home. Each unit has 960sf of living area with living room, dining area, kitchen and half bath on the first floor and 2 large bedrooms with a full bath on the second floor. Each unit has their own basement area with laundry hook-ups and plenty of storage. Large half acre lot provides plenty of parking and each unit has their own private deck area. Electric heat, public water and sewers, new roof in 2020 and easy care vinyl siding make this an easy to care for investment property. Both units are well maintained and currently rented with Unit 10 rented for 1250, lease until 7/31/2022. Unit 12 is leased for $1300 with lease expiring on 12/31/2021.

Last Agent to Sell the Property

Joan Strickland

Joan Strickland Real Estate of License #REB.0789245 Listed on: 07/02/2021

Last Buyer's Agent

Jarrad Horsley

RE/MAX One License #RES.0814527

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,515

Year Built

  • Built in 1987

Lot Details

  • 0.52 Acre Lot
  • Home fronts a stream
  • Corner Lot
  • Level Lot
  • Many Trees

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows
  • Concrete Flooring
  • Attic or Crawl Hatchway Insulated
  • Storm Doors

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • Parking Deck
  • Driveway
  • Paved Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Deck
  • Shed
  • Rain Gutters

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $16,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,515

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Neighborhood: Fort Hill
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 1920
  • Public Record Living Room Sq Ft: 1920
  • Total Sq Ft: 1920
  • Year Built: 1987
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 1920
  • Directions: I-95 North towards New London, take exit 88, go CT 117 South towards Route 1, turn left on Route 1, Ring Drive will be on your left, 10-12 Ring Drive is first house on right at corner of Ring Dr & Route 1.
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Hatchway, Unfinished, Concrete Floor, Storage
  • Laundry Room Location: Separate unit basement laundry
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s)
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck, Gutters, Shed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Brook
  • Swimming Pool: No
  • Construction Description: Frame, Concrete

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking
  • Driveway Type: Paved, Asphalt

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Extra Insulation, Storm Doors, Thermopane Windows

Lot Info

  • Acres: 0.5150
  • Lot Description: Corner Lot, Level Lot, Treed
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R-12

Multi Family

  • Gross Annual Income: 16850
  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3515
  • Tax District Amount: 928
  • Assessor Parcel Number: 1955146

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Aug 17, 2021
Sold by
Gosselin Christopher M
Bought by
Jimenez Noel and Jimenez Kerri L
Seller's Agent
Joan Strickland
Joan Strickland Real Estate of
Buyer's Agent
Jarrad Horsley
RE/MAX One
List Price
$287,500
Sold Price
$295,000
Premium/Discount to List
$7,500
2.61%
Current Estimated Value
$451,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,701
Avg. Annual Appreciation
10.27%
Original Mortgage
$221,250
Outstanding Balance
$201,185
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$250,516
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jimenez Noel $295,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Noel $221,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2021 08/17/21 Sold $295,000 +2.6% $154 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $287,500 -2.5% $150 / Sq Ft
07/03/2021 07/03/21 Off Market $295,000 -- --
07/02/2021 07/02/21 For Sale $287,500 -- $150 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,317 $180,180 $75,957 $104,223
2024 $5,005 $180,180 $75,957 $104,223
2023 $4,906 $180,180 $31,290 $148,890
2022 $4,793 $180,180 $31,290 $148,890
2021 $4,394 $135,310 $29,610 $105,700
2020 $4,279 $135,310 $29,610 $105,700
2019 $4,120 $135,310 $29,610 $105,700
2018 $4,078 $135,310 $29,610 $105,700
2017 $3,973 $135,310 $29,610 $105,700
2016 $4,063 $144,690 $46,200 $98,490
2015 $3,907 $144,690 $46,200 $98,490
2014 $3,802 $144,690 $46,200 $98,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170415375

SmartMLS

APN: GROT-002608-000508-001159